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Bitcoin price may see further upside, Standard Chartered says, citing looser regulation and US spot ETFs

From fxstreet.com

Bitcoin could benefit from US fiscal dominance and Trump winning, Standard Chartered says, citing loser regulation and spot ETF approvals. • Hong Kong issuers told WuBlockchain that the government prohibits sale of virtual asset-related products to mainland Chinese. • South Korea’s winning party to allow spot BTC ETFs within country’s borders in June. • Bitcoin price is consolidating within a falling wedge pattern with a 20% target objective of $76K. Bitcoin (BTC) price could have significantly higher upside potential, Standard Chartered says, with a Republican administration in office in the US. In a report by ... (full story)

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  • Category: Fundamental Analysis